A Snapshot preview on the Curriculum Lectures
Engineer your hardwork, Let success emerge !
- Welcome to IFRS Learnings! (0:10)
- What this course is all about? (2:40)
- What The DipIFR school is good at? (0:49)
- Thank you for choosing this course ! (0:05)
- Mission Insights of the DipIFR School: (1:23)
- WELCOME MESSAGE FOR YOU! (1:31)
- The thoughts of the founder of the DipIFR school (1:15)
- How can you benefit from this course? (2:50)
- The most effective way to study the Course! (0:08)
- LIST OF THE PRESENT APPLICABLE AND EFFECTIVE ACCOUNTING STANDARDS:
- Why this course has been designed and crafted in Q & A learning Format? How will it benefit you? (2:27)
- Highlights of this IFRS course: (1:49)
- How can you learn IFRS application? (2:08)
- Why IFRS expertise in much needed in the finance domain and how IFRS leads in terms of these expertise
- What is this course about and how is the course structured?
- Why is it important to know IFRS and the risk of it's ignorance ?
- What would be the ideal approach to study this course?
- Does the course include a quiz/test to test understanding?...
- Why is the course structured in a Q & A format?
- How can you gain confidence in the application of IFRS in your professional role?
- How can you prepare for the Dip IFR exam so that you pass it on the first try?
- Why should you trust JKJIWANI, FCCA U.K. as your IFRS mentor?
- Some important definitions in the spectrum of IFRS:
- How can climate change affect " Going Concern Component" ?
- The list of most common acronyms associated to IFRS
- List the acronyms associated in finance:
- Brief Explaination to a few acronyms associated with finance:
- Explaination of some of the mertric of finance:
- What is financial reporting?
- Why is financial reporting important?
- What is the purpose of financial reporting?
- Who uses financial reporting and for what purposes?
- What are the different types of financial reports?
- What are the key components of a financial report?
- What is the difference between an income statement and a balance sheet?
- What is the difference between a cash flow statement and a statement of changes in equity?
- What is the role of auditors in financial reporting?
- What is the role of management in financial reporting?
- What is the role of the board of directors in financial reporting?
- What is the role of accounting standards in financial reporting?
- What is the role of International Financial Reporting Standards (IFRS) in financial reporting?
- What is the role of the International Accounting Standards Board (IASB) in financial reporting?
- What are the benefits of using IFRS in financial reporting?
- What was the need for the development of IFRS, and how did it come about?
- When were the first IFRS standards issued, and what was their impact on global financial reporting?
- How have IFRS standards evolved over time, and what changes have been made to address emerging issues in financial reporting?
- What challenges have been faced during the development and implementation of IFRS, and how have they been addressed?
- What role have global organizations such as the International Accounting Standards Board (IASB) and the International Federation of Accountants (IFAC) played in the development and promotion of IFRS?
- How have countries around the world adopted and implemented IFRS, and what has been the impact on financial reporting in these countries?
- What criticisms have been leveled against IFRS, and how have they been addressed?
- What is the relationship between IFRS and local GAAP, and how have companies navigated the differences between the two sets of standards?
- What is the future of IFRS, and how is it likely to evolve in response to changing global economic and financial conditions?
- How has the adoption of IFRS affected the accounting profession, including the education and training of accountants, and the role of professional accounting bodies in promoting and enforcing IFRS standards?
- How have investors and other stakeholders responded to the adoption of IFRS, and what impact has it had on their decision-making processes?
- What will students be able to do at the end of this section?
- Let our Journey Begin! (0:20)
- The Correlation between sustainability and progress !
- Human Health and your blood Report ! A perspective understanding to Live Healthy ! .
- What is the significance of IFRS for financial reporting?...
- What are the benefits of IFRS in general?
- What are the main objectives of IFRS?
- What are the advantages of converting Financial Reporting from local GAAP to IFRS?
- What other areas of the profession will IFRS affect?
- What areas of the profession will be affected by IFRS?
- What is the difference between IAS and IFRS? Are both applicable in practice?
- Which IAS & IFRS are currently applicable and used in Fin. Reporting?
- What is a financial report?
- What does a financial report consist of?
- Who are the users of financial reports?
- In what decisions are users of financial reports typically involved?...
- What elements do users of financial reports look for to make their decisions?
- What information do users of F/S need to assess the two element above?
- What is a reporting entity?
- What is the purpose of the conceptual framework?
- What are the CHAPTERS which form the conceptual framework?
- What is the most IMPORTANT assumption governing F/S under Conceptual Framework?
- What are indicators of a going concern uncertainty?
- What is the most important point to keep in mind about the conceptual framework
- What are the components of the financial statements?
- Would you like to take a break before you move ahead? (0:12)
- What is an asset?
- What is a liability?
- What is the definition of an income?
- What is Equity?
- What is the meaning of substance over form? What best example can one convey thereto?
- Hope you are reading the article notes provided in this course! (0:05)
- What do you understand by current costs?
- What are the qualitative characteristics of a financial information or a F/S?
- What does relevance refer to?
- What does Faithful representation refer to?
- What does Verifiability refer to?
- What does Comparability refer to?
- What does Timeliness refer to?
- What does Understand ability refer to?
- What do you mean by Recognition?
- What do you mean by derecognition?
- What do you mean by Measurement?
- What do you mean by Historical cost measurement bases?
- What do you mean by Current value measurement bases?
- What do you mean by Value in use?
- What do you mean by Realisable cost ?
- What do you mean by Replacement cost ?
- What do you mean by Monetary items?
- What do you mean by Non-Monetary items?
- What do you mean by Accruals basis of accounting?
- What does OCI refer to?
- What do you mean by Reclassification adjustments?
- What do you mean by valuation?
- What do you mean by Fair Value?
- What do you mean by fair value measurement bases?
- What are the challenges of using IFRS in financial reporting?
- What is the impact of technology on financial reporting?
- What is the impact of globalization on financial reporting?
- What is the impact of ethical issues in financial reporting?
- What is the role of financial reporting in mergers and acquisitions?
- What is the impact of financial reporting on stock price?
- What is the role of financial reporting in financial planning and analysis?
- What is the role of financial reporting in risk management?
- What is the impact of financial reporting on credit ratings?
- What is the role of financial reporting in tax compliance?
- What is the role of financial reporting in intellectual property management?
- What is the role of financial reporting in supply chain management?
- What is the role of financial reporting in sustainability management?
- What is the impact of changes in accounting standards on financial reporting?
- What is the impact of changes in tax laws on financial reporting?
- What is the impact of changes in economic conditions on financial reporting?
- What is the role of continuous improvement in financial reporting?
- What are the best practices in financial reporting?
- What is the role of financial reporting in the public sector?
- What is the role of financial reporting in the non-profit sector?
- What is the role of financial reporting in the banking sector?
- Can accrued income can be recognized as contract asset
- Example of fair value measurement:
- Example of recognition and measurement of a provision:
- Example of impairment of assets:
- Example of reclassification adjustments:
- Example of foreign currency translation:
- Calculate the revaluation gain and the new carrying amount.
- Calculate the present value of the lease payments.
- Calculate the present value of the trade receivable.
- Calculate the present value of the bond.
- What would be the depreciation expense in the first year?
- What would be the journal entry to record the sale?
- What would be the journal entry to record the increase in value?
- What would be the journal entry to record the payment of $25,000 of the liability?
- What would be the journal entry to record the increase in value?
- What would be the amortization expense for the current year using the straight-line method?
- What would be the journal entry to record the interest expense for the year?
- Using the double-declining balance method, what would be the depreciation expense for the second year?
- What would be the classification of the liability in the balance sheet?
- What would be the journal entry to record the decrease in value?
- What would be the cost of goods sold for the year and the value of the inventory at year-end using the lower of cost or net realizable value method?
- What would be the journal entry to record the pension liability?
- What would be the goodwill recognized in the acquisition?
- What would be the journal entry to record the unrealized gain or loss?
- What would be the journal entry to record the revised estimate of useful life to 30 years?
- How should the INTANGIBLE asset be measured and what would be the journal entry?
- How should the investment be measured and what would be the journal entry?
- How should the building be measured and what would be the journal entry?
- Prepare the necessary journal entry to record the revaluation of the machine on December 31, 2022.
- Calculate the weighted average cost per share of the company's common stock as of December 31, 2022.
- Prepare the journal entries to record the issuance of the bond and the interest payment on December 31, 2022.
- What is the appropriate accounting treatment for XYZ's inventory?
- Under IFRS, how should ABC account for this lease agreement?
- Under IFRS, how should LMN account for this change in depreciation method?
- What is the carrying amount of the machine on December 31, 20X2?
- What is the carrying amount of the bond liability on December 31, 20X2 if the market interest rate on similar bonds is now 12%?
- What is the journal entry to adjust the investment security to fair value?
- What is the objective of IFRS 9 Financial Instruments?
- What is the purpose of IAS 36 Impairment of Assets?
- 3. What is the difference between IFRS 15 Revenue from Contracts with Customers and IAS 18 Revenue?
- What is the purpose of IFRS 16 Leases?
- WHAT HAS BEEN THE IMPACT OF THE REVISON IN LEASE STANDARD ON TEH FINANCIAL STATEMENT
- How does IFRS 13 Fair Value Measurement impact financial reporting?
- Where inflation is high, What adjustments, if any, should the company make to its financial statements under IFRS?
- How should the company account for this contract under IFRS?
Geeta Nair,
Associate Vice President at Avendus Capital
- The introductory course helped me a lot to get familiar with all the basics one needs to know in the field of the Global Financial Reporting.
- It indeed added value to me and proved to be well applicable in practice.
CA Tijesh Maru,
Maru & Associates, Chartered Accountants
- The foundation course made a paradigm shift in my learnings. It was indeed a refresher for me after a long time passing of my Chartered exam.
- The structured placement of conceptual understanding with detailed explaination is the most appealing aspect of the course.
Kausar Ratnani,
ACCA Student
- The basic course helped me with my ACCA FR paper preperation. Also, course provided insights to explore the concepts with practical orientation.
- I found the lectures quite engaging and relevant.
Get to know your Instructor
Click th image to chat with Jkjiwani, FCCA U.K.
"Meet Your Instructor: Jkjiwani
Combining a unique blend of business acumen, specialized expertise, and international experience, Jkjiwani stands as an ideal guide for this groundbreaking program.
Jkjiwani earned an MBA from Haroun Education, USA, and further honed his skills at BPP University in London. He is also a Fellow Member of the Association of Chartered Certified Accountants (ACCA). His commitment to continuous learning is showcased by a range of prestigious certifications in International Financial Reporting Standards (IFRS), Business Valuation, Financial Modelling, Business Management, and Capital Markets.
Jkjiwani's professional journey spans multiple countries, having worked and studied in diverse cultural and business environments. This international exposure informs his nuanced understanding of global business trends and practices.
Over his illustrious career, Jkjiwani has harnessed his broad skill set to drive strategic decision-making and growth in various industries. His deep understanding of business, enriched by his grasp of emerging technologies and global insights, positions him uniquely to navigate the complexities of managing business in the AI era.
Beyond his professional accomplishments, Jkjiwani is a passionate educator dedicated to nurturing the next generation of business leaders. He is known for his dynamic teaching style, ability to simplify complex concepts, and commitment to fostering a global perspective in his students.
will be prepared to leverage AI's potential to drive innovation and success in your career and organization, regardless of geographical boundaries."
His professional affiliations include memberships with the International Association for Accounting Education and Research (IAAER) and the International Federation of Accountants, demonstrating his dedication to the accounting profession. He is also a qualified banker and a member of the Indian Institute of Banking & Finance (IIBF).
Mr. Jkjiwani's academic accolades include certifications in insurance, mutual funds, and capital markets, awarded by the highly regarded Jamnalal Bajaj Institute of Management Studies, affiliated with the University of Mumbai.
In addition to his IFRS certification, he holds a business valuation certification, a joint accolade from the ACCA and the Conseil Superior Order Des Experts-Comptables (CSOEC). His vast experience and qualifications firmly establish him as a significant figure within the global financial community.